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| BoT Headquarter in Dar |
Interbank saw increased activity yesterday as players fund
the end of month tax outflows.
Rates remained between 8 per cent and 10 per cent
with most of the large banks seeing on the offers side.
The situation helped the shilling to trade relatively flat
on the last day on February as demand was well matched by supply in the
corporate and interbank markets.
“Today we expect a similar trend with bias on a slightly
stronger shilling,” Standard Chartered Bank says
The shilling closed the last month appreciated slightly from
1,591/24 at the beginning of the month to 1,589/50 of the last day of February against the US dollar,
according to the Bank of Tanzania data.
Source: tzexchange.blogspot.com
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